Check Paper-2 Detailed syllabus by chapter with the latest UGC NET 2020 exam template

UGC NET Economics 2020 program: The 2020 NTA UGC NET Exam will be conducted in 81 subjects in online mode to determine the candidate’s eligibility for Assistant Professor and Junior Fellowship (JRF) or Assistant Professor (only) positions at Indian Colleges and Universities . The UGC NET 2020 exam will consist of two papers, namely, Paper-1 and Paper-2. Based on the subject chosen by the candidate, Paper-2 will consist of 100 objective multiple-choice questions (MCQs) of 2 points each.
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In this article, we are going to share the detailed UGC NET 2020 Economics Subject syllabus. First, let’s take a look at the NTA UGC NET 2020 Exam Exam Template in Brief:
2020 NTA UGC NET Exam Template |
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Session |
Paper |
Number of questions (all are required) |
Brands |
Duration |
Single (no break between paper 1 and paper 2) |
I |
50 |
100 |
3 hours |
II |
100 |
200 |
||
Total |
150 |
300 |
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2020 UGC NET ECONOMIC PROGRAM
Let us examine in detail the Syllabus by chapter of the subject UGC NET Economics:
Unit 1: MICRO-ECONOMY
S. No |
Chapters on microeconomics |
1 |
Consumer behavior theory |
2 |
Theory of production and costs |
3 |
Decision making under uncertainty Attitude towards risk |
4 |
Game theory – Non-cooperative games |
5 |
Market structures, competitive and non-competitive balances and their efficiency properties |
6 |
Factor pricing |
7 |
General equilibrium analysis |
8 |
Efficacy criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization |
9 |
Welfare economics: fundamental theorems, function of social welfare |
ten |
Asymmetric information: unfavorable selection and moral hazard |
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Unit 2: MACRO ECONOMY
S. No |
Chapters on macroeconomics |
1 |
National income: concepts and measurement |
2 |
Determination of production and employment: classical and Keynesian approach |
3 |
Consumption function |
4 |
Investment function |
5 |
Multiplier and accelerator |
6 |
Money request |
7 |
Money supply |
8 |
IS – LM model approach |
9 |
Inflation and Phillips Curve Analysis |
ten |
Business cycles |
11 |
Monetary and fiscal policy |
12 |
The rational expectation hypothesis and its critique |
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Unit 3: STATISTICS AND ECONOMETRY
S. No |
Chapters on Statistics and Econometrics |
1 |
Probability theory: concepts of probability, distributions, moments, central limit theorem |
2 |
Descriptive statistics – Measures of central tendency and dispersions, correlation, index numbers |
3 |
Sampling methods and sampling distribution |
4 |
Statistical inferences, hypothesis tests |
5 |
Linear Regression Models and Their Properties – BLUE |
6 |
Identification problem |
7 |
Simultaneous Equation Models – Recursive and Non-recursive |
8 |
Discrete Choice Models |
9 |
Time series analysis |
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Unit 4: MATHEMATICAL ECONOMY
S. No |
Mathematical economics chapters |
1 |
Sets, functions and continuity, sequence, series |
2 |
Differential calculus and its applications |
3 |
Linear algebra – Matrices, vector spaces |
4 |
Static optimization problems and their applications |
5 |
I / O model, linear programming |
6 |
Differences and differential equations with applications |
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Unit 5: INTERNATIONAL ECONOMY
S. No |
International economics chapters |
1 |
International trade: basic concepts and analytical tools |
2 |
International trade theories |
3 |
International trade under imperfect competition |
4 |
Balance of payments: composition, balance and imbalance and adjustment mechanisms |
5 |
Exchange rate: concepts and theories |
6 |
Foreign exchange market and arbitrage |
7 |
Gains from trade, terms of trade, trade multiplier |
8 |
Tariff and non-tariff barriers to trade; Dumping |
9 |
GATT, WTO and regional trading blocks; Trade policy issues |
ten |
IMF and World Bank |
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Unit 6: PUBLIC ECONOMY
S. No |
Public economics chapters |
1 |
Market failure and remedies: asymmetric information, public goods, externality |
2 |
Market regulation – collusion and consumer welfare |
3 |
Public revenue: fiscal and non-fiscal revenue, direct and indirect taxes, progressive and non-progressive taxation, incidence and effects of taxation |
4 |
Public expenses |
5 |
Public debt and its management |
6 |
Public budget and budget multiplier |
7 |
Fiscal policy and its implications |
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Unit 7: MONEY AND BANK
S. No |
Chapters on Money and Banking |
1 |
Components of money supply |
2 |
central bank |
3 |
Commercial Bank |
4 |
Instruments and functioning of monetary policy |
5 |
Non-bank financial institutions |
6 |
Capital market and its regulation |
UGC NET 2020 Exam Calendar
Unit 8: ECONOMICS OF GROWTH AND DEVELOPMENT
S. No |
Chapters on the economics of growth and development |
1 |
Economic growth and economic development |
2 |
Economic development theories: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, balanced and unbalanced growth, Big Push approach |
3 |
Models of economic growth: Harrod-Domar, Solow, Robinson, Kaldor |
4 |
Technical progress – disembodied and embodied; endogenous growth |
5 |
Economic development indicators: PQLI, IDH, ODD |
6 |
Poverty and Inequalities – Concepts and Measures |
7 |
Social sector development: health, education, gender |
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Unit 9: ENVIRONMENTAL ECONOMY AND DEMOGRAPHY
S. No |
Chapters on environmental economics and demography |
1 |
The environment as a public good |
2 |
Market failure |
3 |
Coase’s theorem |
4 |
Cost-benefit analysis and compensation criteria |
5 |
Assessment of environmental goods |
6 |
Population theories |
7 |
Concepts and measures: fertility, morbidity, mortality |
8 |
Age structure, demographic dividend |
9 |
Life table |
ten |
Migration |
ELIGIBILITY CRITERIA NTA UGC NET 2020
Unit 10: INDIAN ECONOMY
S. No |
Chapters on Indian economy |
1 |
Economic growth in India: model and structure |
2 |
Agriculture: Pattern and structure of growth, main challenges, policy responses |
3 |
Industry: Pattern and structure of growth, main challenges, policy responses |
4 |
Services: Pattern and structure of growth, main challenges, policy responses |
5 |
Rural development – Policy issues, challenges and responses |
6 |
Urban development – Policy issues, challenges and responses |
7 |
Trade: Structure and direction, balance of payments, foreign capital flows, trade policies |
8 |
Infrastructure development: Physical and social; Public-private partnerships |
9 |
Land, labor and capital market reforms |
ten |
Central Indian State Financial Relations and Finance Commission; FRBM |
11 |
Poverty, inequalities and unemployment |
Check the analysis and the threshold of the economic results of UGC NET DEC 2019
For Paper-1, applicants can refer to the links below:
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Applicants are advised to go through the latest UGC NET 2020 exam model mentioned above and the syllabus for economics subjects before doing the preparation strategy.